Volkswagen partially floats truck group to fund electric car push
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Volkswagen has floated 11.5 per cent of its truck-making unit, now named Traton, on the Frankfurt and Nasdaq Stockholm stock exchanges.
Weak demand from investors had forced the automaker to price the listing at the low end of its target price range. It also meant the company couldn't float the 25 per cent it had wanted to let go of.
The automotive news wheel is always turning. If you’re not constantly checking CarAdvice – which you should be doing, by the way – it can be easy for some headlines to slip through the cracks.
To make sure you haven’t missed anything important, we’ve gathered what we reckon are the hottest news stories from this week, right here. Check them out, and let us know what caught your eye.
Bentley Continental GT Convertible Number 1 Edition revealed
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Bentley Motors has revealed the Continental GT Convertible Number 1 Edition by Mulliner (breathes), paying homage to the legendary Bentley Blower of 1929.
Limited to just 100 units globally, the limited-run drop-top Continental is said to be a modern interpretation of the 1929 racing car (above), which also set the Outer Circuit record at the Brooklands race track, Surrey, in 1932.
The new Volkswagen WeShare car sharing service is now available in Berlin with a fleet of 1500 e-Golf hatchbacks.
At the beginning of 2020 the company will add 500 e-Up models, with the new ID.3 set to join the fleet from the middle of 2020.
Vehicles will be "free floating", and do not need to be returned to rental stations, designated car spots or their original locations. Cars will be available within a 150 square kilometre area around Berlin's city centre.
Mitsubishi Triton fuel economy buyback sets ‘concerning’ precedent, industry calls for motoring tribunal
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The car industry has called for a national motoring tribunal to be established following a landmark case in Victoria which awarded the owner of a two-year-old Mitsubishi Triton a full refund on the $39,500 new-car purchase price due to discrepancies over fuel economy claims.
The Victorian Civil and Administrative Tribunal (VCAT) ruled in favour of an owner of a Mitsubishi Triton who claimed the fuel economy rating label was not an accurate reflection of real world consumption.
